What Crypto Whales Are Buying After the Market Crash?

The crypto market has fallen nearly 10% in the last 24 hours as the hype around the US crypto reserve fades and Donald Trump imposes new tariffs on Mexico, Canada, and China. This puts more pressure on a market that was already correcting.

Despite the downturn, crypto whales bought $ADA, $CAKE, and $RENDER, showing signs of accumulation as prices fell. $ADA has dropped 16% in a day, struggling to hold support below $0.85, while $CAKE has seen rising interest as one of the top revenue-generating protocols in recent weeks. Meanwhile, $RENDER is down 33% in the last 30 days.

Cardano ($ADA)

Crypto whales bought $ADA during the recent market crash, with its price down 16% in the last 24 hours. The spike following its inclusion in the US crypto strategic reserve was short-lived, with bearish momentum taking over.

Despite this, whale accumulation suggests confidence in $ADA’s long-term potential.

Number of Addresses Holding Between 1,000,000 and 10,000,000 $ADA. Source: Santiment.

The number of whales holding 1-10 million $ADA grew from 2,442 on March 1 to 2,464 on March 3. This increase confirms that whales bought more $ADA as the price dropped.

While this could indicate a future recovery, $ADA still struggles to regain key resistance levels.

After briefly reclaiming $1, $ADA is now trading below $0.85, with risks of dropping toward $0.70. The community remains uncertain about what is behind its inclusion in the US crypto strategic reserve, adding to the selling pressure. If sentiment improves, $ADA could return to an uptrend and test $1.10 or even $1.20 soon.

PancakeSwap ($CAKE)

$CAKE has been on the rise in recent weeks, becoming one of the top revenue-generating protocols in the last 30 days. Its growing traction comes as $BNB volume competes with Solana and Ethereum, boosting market interest.

With this surge, crypto whales bought $CAKE in the last few days, increasing accumulation. The number of wallets holding 1M–10M $CAKE rebounded from 26 on March 1 to 30 now.

Number of Addresses Holding Between 1,000,000 and 10,000,000 $CAKE. Source: Santiment.

$CAKE currently holds strong support at $1.35, a key level for maintaining its bullish trend.

If $BNB and $CAKE momentum recovers, it could test resistances near $2 and, with enough strength, potentially rise above $2.60.

Render ($RENDER)

$RENDER remains one of the leading AI cryptocurrencies, but like the rest of the sector, it has struggled in 2025, with its price down 33% in the last 30 days.

The bearish trend has weighed on sentiment, keeping selling pressure high. $RENDER is now at a critical point, needing a shift in momentum to avoid further declines.

Number of Addresses Holding Between 100,000 and 10,000,000 $RENDER. Source: Santiment.

Despite the downturn, crypto whales bought $RENDER in the last few days, increasing accumulation. The number of wallets holding 100,000 and 10 million $RENDER rose from 153 on March 1 to 161 now.

$RENDER is on the edge, currently testing the $3.30 support, a crucial level that, if lost, could trigger more corrections. If an uptrend emerges, it could test the $3.90 resistance and attempt to break above $4 levels.